Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,097 per ton in 2022, waning by -18.2% against the previous year. In general, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 110% against the previous year. Over the period under review, average import prices attained the peak figure at $3,787 per ton in 2021, and then dropped remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($10,946 per ton), while the price for Iran ($2,378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $13,000 per ton in 2022, growing by 7.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $17,250 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2016 to 2022, the rate of growth in terms of prices for Lithuania amounted to 0.0% per year.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan
In 2022, approx. 64 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Azerbaijan; growing by 108% on the year before. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $200K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 10.8 | 2.2 | 15.0 | 63.2 | 80.2% |
| Vietnam | 14.6 | 12.1 | 1.1 | 52.5 | 53.2% |
| India | 12.9 | 10.8 | 17.3 | 30.0 | 32.5% |
| Turkey | 12.5 | 13.7 | 23.6 | 21.9 | 20.6% |
| Sri Lanka | N/A | 0.4 | 0.7 | 13.1 | 472.3% |
| China | 9.0 | 34.7 | 32.5 | 6.0 | -12.6% |
| Indonesia | 2.6 | 4.2 | 3.4 | 5.9 | 31.4% |
| United Arab Emirates | 14.0 | 15.8 | 15.4 | 0.7 | -63.2% |
| Others | 3.8 | 8.3 | 8.0 | 6.3 | 18.4% |
| Total | 80.4 | 102 | 117 | 200 | 35.5% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Azerbaijan in 2022:
- Iran (26.6 tons)
- Vietnam (20.7 tons)
- India (10.0 tons)
- Turkey (2.0 tons)
- China (2.0 tons)
- Sri Lanka (1.8 tons)
- Indonesia (0.7 tons)
- United Arab Emirates (0.2 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Azerbaijan declined rapidly to 1 kg, dropping by -97.9% against the previous year. Over the period under review, exports continue to indicate a dramatic decline.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced markedly to $13 in 2022. Overall, exports recorded a sharp slump.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Qatar | N/A | 13.0 | 0% | ||
| Russia | 505 | N/A | 0% | ||
| Kazakhstan | 74.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 579 | 13.0 | -97.8% | ||
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Azerbaijan in 2022:
- Qatar (1.0 kg)
449
This report provides an in-depth analysis of the cinnamon market in Azerbaijan.
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This report provides an in-depth analysis of the global cinnamon market.
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This report provides an in-depth analysis of the cinnamon market in Azerbaijan.
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This report provides an in-depth analysis of the global cinnamon market.
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Sri Lanka dominates in the global cinnamon trade. In 2014, Sri Lanka exported X thousand tons of сinnamon totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total сinnamon expor
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
